The GMR Group, co-owners of the IPL franchise Delhi Capitals, on Monday completed an agreement with Hampshire to buy a majority stake in the English county club. (More Cricket News)
Initially, the GMR Group will hold a 53 per cent stake in Hampshire, thereby making it the first county team to have overseas ownership.
In a phased manner through the next 24 months, the Indian conglomerate will acquire a 100 per cent stake.
바카라Hampshire Sport & Leisure Holdings Limited, owner of the Utilita Bowl site and Hampshire Cricket, has signed and exchanged definitive agreements with GMR Global Pte Ltd (GGPL), marking the start of a significant strategic partnership,바카라 the club said in a statement in its website.
바카라As part of the agreement, GGPL will initially acquire a majority stake in Hampshire Sport & Leisure Holdings Limited, with the completed acquisition of 100% ownership expected within the next 24 months,바카라 the statement added.
Kirankumar Granthi, Corporate Chairman of the GMR Group, said his aim will be to cultivate 바카라value creation바카라 and provide opportunities to budding talents.
바카라With this acquisition, along with our investments in the US, Dubai, and India, GMR is focused on engaging and connecting with the global youth. We are committed to financial prudence, value creation, and creating opportunities for young talent.
바카라Our vision is to transform sports into a platform that unites people and cultures, drives global excellence, and nurtures the creation of future world champions,바카라 said Granthi.
Currently, GMR holds a 50 per cent stake in the Delhi Capitals (IPL and WPL), the Dubai Capitals (ILT20) and the Pretoria Capitals (SA20).
Additionally, the GMR group has invested in the Seattle Orcas in the Major League Cricket, USA.
Under the new ownership structure, Hampshire바카라s existing leadership team will remain in place.
Rod Bransgrove will continue as Group Chairman until at least September 30, 2026, and David Mann will retain his role as the Group CEO.
"This is the fulfilment of a dream for me and, I hope, for all Hampshire Cricket supporters. After a thorough selection process, we chose GGPL (the parent company of GMR) as our partners due to their shared values and commitment to our vision.
바카라Becoming the first English cricket club to join an international cricket group will open exciting new opportunities as we embrace the globalization of this great sport,바카라 said Bransgrove.
Richard Gould, ECB Chief Executive Officer, welcomed the acquisition.
바카라This is an exciting time for Hampshire Cricket. I am pleased to see GGPL바카라s commitment to continuing to develop Hampshire바카라s cricket teams and pathways and enhance facilities at Utilita Bowl, and their respect for the traditions of the game in this country.
바카라This announcement also demonstrates the global interest in investing in cricket in England and Wales, and underlines the continuing appeal of county cricket,바카라 said Gould.
